Question about car insurance

posted 3 years ago in Money
Post # 3
Member
498 posts
Helper bee
  • Wedding: July 2013

I am an insurance broker in Ontario, so I can try assist although I dont know if the same regulations apply across the border.

If you guys are married or considered common law you can get a policy together and which would make you applicable to a multi vehicle discount.

Post # 4
Member
9412 posts
Buzzing Beekeeper

@LadyBlackheart:  You should really look into insurance before buying a vehicle. I always call my company and find out the prices for the different models I am considering just in case. To answer your question, yes, you usually get a discount for multi-vehicle policies (and also if you add home insurance, life insurance, etc).  

Post # 5
Member
2052 posts
Buzzing bee

@LadyBlackheart:  Okay, as far as this:

I bought my new car back in August. I bought a 2011 Kia Forte and before I bought my Kia, I was on my parents’ insurance as well and only paying $42 per month for a 1995 Ford Taurus. But once I bought the Kia, I had to go get my own insurance policy. And because of that, I’m now paying $118 per month for just me :(. I hate paying $118 and I’ve been looking to switch to a different insurance company, I just haven’t done it yet.

Your insurance went up because when you get a new vehicle that you didn’t purchase outright, you have to have full coverage.  Meaning, COLL and FTC ded, and not sure if you bought gap ins but that will also raise your coverage.  Your last veh was a year 95…guessing you probably had liability only?

Mr VB and I are not married, but he is on my insurance policy.  In theory it’s best to do this if you are living together anyway.  If he’s driving your car it’s better if he should be listed as a driver on  your policy, which will raise your rates if you add him or not.

I’ve joked to Mr VB that the REAL way to save money on insurance is to be married.  Sad but true.  You may not save a lot of money unless you are married, as we found out after I added Mr. VB to my policy.  Talk to an agent who sells multiple lines of insurance and they can give you better quotes.

Post # 6
Member
10988 posts
Sugar Beekeeper
  • Wedding: May 2009

@LadyBlackheart:  

I don’t know if you are able to add someone who is neither a spouse nor a legal dependent to your policy. I would begin by finding out if this is even possible.

Post # 7
Member
498 posts
Helper bee
  • Wedding: July 2013

I just read that you dont live together, so you wouldnt be able to set up a policy together. The vehicles would have to be rated at the same risk address (home address) to be applicable for the multi vehicle discount.

If you guys move into together before you get married, you would either have to wait till you are considered common law or until you are married before you can combine policies.

 

Post # 9
Member
3570 posts
Sugar bee
  • Wedding: September 2011

@TorontoBride2be:  +1 

I don’t believe you can do that. 

I dont think there is such thing as common law marraige in Georgia.  You might be able to apply as domestic partners. 

Post # 10
Member
774 posts
Busy bee
  • Wedding: October 2011

@LadyBlackheart:  I work for an Insurance agency in the midwest. (One of the big ones… We are *name* bum ba da bum bum bum bum) 

Here you don’t need to be married (common law or otherwise) If you two are living together, we will put you on the policy together and it’s the same discount whether you’re actually married or not. We have a lot of dating couples who have policies together. You don’t have to be together for any length of time. We have people adding and dropping boyfriends/girlfriends all the time 😉

Also if you guys get on a policy together make sure they do a quote with each of you as the head of household. If one of you has better credit it may lower the premium to have that person as the HH. 

Post # 11
Member
2052 posts
Buzzing bee

@swanks4tw:  OMG is this per state or is this a country wide thing for this company?!?!

Post # 12
Member
774 posts
Busy bee
  • Wedding: October 2011

@veryberry13:  Not sure, honestly. I’ve worked for two agencies under this company but both were in the same state. 

Post # 13
Member
1302 posts
Bumble bee
  • Wedding: June 2013

Wow! I can’t believe you pay that much per month! That is crazy – My husband and I (we have been on same insurance plan since before we were married) pay $72/mo for both of us for both our cars – a 2011 Toyota Rav4 and a 2009 Toyota Prius.

Post # 14
Member
498 posts
Helper bee
  • Wedding: July 2013

@LadyBlackheart:  In Ontario it is 2 years, or if/until you have a kid.

The reason why your insurance didnt go up when you added your SO was because he is over the age of 25, I am assuming. Here, if you are over the age of 25 and dont have any tickets or accidents, there is no additional surcharge/premium to add an additional (second) driver onto a vehicle.

Post # 15
Member
6505 posts
Bee Keeper
  • Wedding: June 2013

In Ohio we were able to sign up for the same policy before getting married. Pretty sure you have to live together though.

 

Post # 16
Member
7281 posts
Busy Beekeeper
  • Wedding: October 2011 - Bed & Breakfast

We combined car insurance policies when we moved in together (before we were married) to get the multi-vehicle discount. We also got another discount for having our renters insurance with that same company, and we added our ring insurance to our poilcy as well. You will probably need to wait until you share an address to get on the same policy together. And be aware that where you move to will also impact your insurance rates. If it happens to be an area with higher property crime rates than where either of you live now (as is common in areas with a higher rental occupancy rate), your rates may increase, even though you are now eligible for other discounts.

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